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Some Good News For San Diego Real Estate….

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The latest report from the S&P Case-Shiller Index shows that many of the 20 cities included in the real estate market index are facing a “double dip” meaning that their prices bottomed out in 2009 and started rising, only to have fallen again in the last quarter of 2010.

Fortunately, San Diego’s prices rose 1.7% from the the last Qtr of 2009 compared to the same period last year. San Diego was only one of only 4 cities among the 20 to actually increase from 2009. That is likely because San Diego’s price peak was in December 2005 – sooner than many other markets. The market here has been declining more rapidly for a longer period and the recovery has been more slow and steady.

Check out the article and let me know your thoughts.

http://www.inman.com/news/2011/02/22/case-shiller-double-dip-in-most-tracked-markets

Kevin P. Cummins, J.D., SFR / Diane C. Cummins
Certified Relocation Specialist
Broker Sales Associate | REALTOR®

Coldwell Banker Residential Brokerage

3810 Valley Centre Drive #906
San Diego, CA 92130
C: 858-750-9577
F: 858-793-9944

CA DRE Lic. # 01812762
web: http://KevinCumminsHomes.com
mail: kevinpcummins(at)gmail(dotted)com
blog: http://CarmelValleySDRealEstate.wordpress.com